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Dec 11, 2012
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in michigan today president obama said the house just needs to pass the bill already passed by the senate. >> congress lets middle class taxes go up, economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> president obama still has the american people firmly on his side. this is what the republicans don't get, apparently. 60% support raising taxes on households earning more than $250,000 a year. this is why a republican congress tom cole said once again fellow republicans should pass a tax cut ex-suspension for 9% of americans. cole said he believes the measure could pass in the house. >> in your caucus, is there a lot of burgeoning republican support for that? >> honestly, i think if it got to the floor, it would carry. this doesn't say we're going to raise taxes on anybody vps okay, this group for sure. get that done with. get it over with. >> that sounds good until you realize
in michigan today president obama said the house just needs to pass the bill already passed by the senate. >> congress lets middle class taxes go up, economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> president obama still has the american people firmly on his side....
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Dec 7, 2012
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obama care. >> if we're able to stop obama on this, it will be his waterloo. it will break him and we will show that we can, along with the american people, begin to push those freedom solutions that work in every area of our society. >> and demint is an outspoken opponent of labor unions and workers rights. >> i don't believe collective bargaining has any place in government. >> including at a federal level? >> including at the federal level. that's what elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to s
obama care. >> if we're able to stop obama on this, it will be his waterloo. it will break him and we will show that we can, along with the american people, begin to push those freedom solutions that work in every area of our society. >> and demint is an outspoken opponent of labor unions and workers rights. >> i don't believe collective bargaining has any place in government. >> including at a federal level? >> including at the federal level. that's what elections...
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Dec 8, 2012
12/12
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it's a proposal that president obama likes. so why would mitch mcconnell propose such a bill? to embarrass the democrats. he wanted to prove that the democrats didn't have the votes for the legislation. harry reid called his bluff and objected to putting the bill up for a vote, but after discussing it with his democratic members he got the support he needed and had a change of heart. claire mccaskill was priding when mcconnell objected to voting on the bill. >> is there an objection to the original request? >> objection is heard. i got whiplash. >> very strange. >> dick durbin reacted to mcconnell's move moments later. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote, filibustered his own proposal. i think we have now reached a new spot in the history of the senate we have never seen before. >> let's turn to bernie sanders. i'm laughing at it too, senator. this just goes to show either winging it big time. they don't have a plan other than to get in the way. what's your response to what unfolded on the floor a
it's a proposal that president obama likes. so why would mitch mcconnell propose such a bill? to embarrass the democrats. he wanted to prove that the democrats didn't have the votes for the legislation. harry reid called his bluff and objected to putting the bill up for a vote, but after discussing it with his democratic members he got the support he needed and had a change of heart. claire mccaskill was priding when mcconnell objected to voting on the bill. >> is there an objection to...
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Dec 12, 2012
12/12
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in bills that you, mr. speaker, have voted for. >> pelosi is lobbying for house republicans to hold a vote on letting tax cuts expire for the wealthiest americans. with house majority leader eric cantor and congressman paul ryan tasked with pushing boehner's plan on the tea party, it's going to be a tough sell. they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more
in bills that you, mr. speaker, have voted for. >> pelosi is lobbying for house republicans to hold a vote on letting tax cuts expire for the wealthiest americans. with house majority leader eric cantor and congressman paul ryan tasked with pushing boehner's plan on the tea party, it's going to be a tough sell. they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific...
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Dec 6, 2012
12/12
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has fought so hard for, to the middle class, we can take up that bill in the house next week when we go back into session and give that certainty to the middle class. then we can work in earnest together to reduce the deficit in a balanced way that will make sure we don't first throw the middle class under the bus. that whatever we put forward have spending cuts and revenue that is going to take care of the middle class and make sure that we have spending cuts and revenue that ensures that they're fair and that the math works. there has been no evidence thus far that the republicans are interested in doing that. >> this has been the perfect opportunity for them to step forward and show some leadership. the majority of americans do want this right now. congresswoman, the president has asked you to stay on as d next c chair. what is the way forward for the democrats? what's happening here? >> well, we need to continue to focus on rebuilding our economy from the middle class out. president obama talked eloquently and passionately during the campaign about making sure that we can get a h
has fought so hard for, to the middle class, we can take up that bill in the house next week when we go back into session and give that certainty to the middle class. then we can work in earnest together to reduce the deficit in a balanced way that will make sure we don't first throw the middle class under the bus. that whatever we put forward have spending cuts and revenue that is going to take care of the middle class and make sure that we have spending cuts and revenue that ensures that...
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Dec 13, 2012
12/12
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well, democrats and president obama have put a number of major bills, job bills on the table, but boehner and mcconnell and that crowd, they've just done nothing. it's a do-nothing congress, and they have fought it every step of the way. so now with the fiscal cliff looming, the federal reserve is taking matters into their own hands. bernanke announced today that the fed will take unprecedented steps to boost the economy. the fed is currently spending $40 billion a month on mortgage bonds, and now they're willing to take to it the next level by purchasing $45 billion worth of treasury bonds per month. the fed also grid to keep short-term interest rates near zero. they plan to keep interest rates low until the unemployment rate falls to 6.5%, or the inflation rate reaches 2.5%. this is the first time in the fed's history that they have ever made goals for the nation's economic recovery. for more let's turn to william cohan. he is a bloomberg columnist and author of "money and power: how goldman sachs came to rule the world." mr. cohan, good to have you with us tonight. >> great to be here.
well, democrats and president obama have put a number of major bills, job bills on the table, but boehner and mcconnell and that crowd, they've just done nothing. it's a do-nothing congress, and they have fought it every step of the way. so now with the fiscal cliff looming, the federal reserve is taking matters into their own hands. bernanke announced today that the fed will take unprecedented steps to boost the economy. the fed is currently spending $40 billion a month on mortgage bonds, and...